Version Superseded: 06/04/2014
Point in time view as at 26/03/2001. This version of this provision has been superseded.
Insolvency Act 1986, Section 394 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)Where a competent authority grants an authorisation under section 393, it shall give written notice of that fact to the applicant, specifying the date on which the authorisation takes effect.
(2)Where the authority proposes to refuse an application, or to withdraw an authorisation under section 393(4), it shall give the applicant or holder of the authorisation written notice of its intention to do so, setting out particulars of the grounds on which it proposes to act.
(3)In the case of a proposed withdrawal the notice shall state the date on which it is proposed that the withdrawal should take effect.
(4)A notice under subsection (2) shall give particulars of the rights exercisable under the next two sections by a person on whom the notice is served.
Modifications etc. (not altering text)
C1S. 394 applied with modifications by S.I. 1986/1999, art. 3, Sch. 1 Pt. II
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